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20121205
20121213
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CNBC 21
FBC 13
MSNBCW 10
CNNW 9
KQED (PBS) 7
KPIX (CBS) 6
CNN 5
WBAL (NBC) 5
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English 147
Search Results 0 to 49 of about 147 (some duplicates have been removed)
FOX
Dec 10, 2012 4:00am PST
get a deal on the fiscal cliff - $21.60 is the 52-week high - if a fiscal cliff deal gets done, it breaks through $20, i think it has an upside measure/move target of $21.60. so i am going to be looking to be a buyer above $20. > good to have you on the show. that is andrew keene, president of keeneonthemarket.com. > > thank you. we are running out of time for today. coming up tomorrow: the behind-the-scenes story on why the plug was pulled on circuit city. from all of us at first business, have a great monday! . >>> a homicide investigation in san francisco, the unusual way the victim was found and why police need your help. >>> we have more on the missing man police are looking for this morning. >>> it could affect your drive, it's all ahead on the ktvu channel 2 morning news. this is ktvu channel 2 morning news. >> good morning, thank you for joining us this monday morning, i am pam cook. >> let's see how long this will last, steve. >> two days. >> it's cold at night. >> it is going to
FOX
Dec 5, 2012 12:00pm PST
for the fiscal cliff deal that include as tax increase for the rich. he met with business leaders in washington d.c. and he is aware that some republicans may be willing to raise tax revenues. but he warped the gop not to pick another fight on the debt sealing. he was can dade -- death ceiling and he was can -- he was candid. >> this is the top 2%. includes all of you, yes. >> i believe there is a purpose to put revenues on the table. >> house speaker boehner countered the president's proposal without raising individual tax rates. the republican plan also includes 600 billion in spending cuts to federal healthcare programs and increase in the eligibility age for medicare. >>> a san francisco blogger and activist is in hot water of a photograph after political opponent. michael petrellis took this of scott weaner last year in a pact room. >> he tried to take a picture of him at an urinal. and today, he pleaded not guilty to misconduct. he wants it to be made as part of the from. >> we will be fighting the case and despite the fact that the photograph was taken, we are talking fundamentally of a ge
PBS
Dec 4, 2012 6:00pm PST
if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you looked at each approach, what do you see in that? >> well, i think it's important. i think the reporting has been a little weak on the republican plan. it
CBS
Dec 5, 2012 4:00am PST
the hang seng gained 2%. wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
FOX Business
Dec 5, 2012 8:00pm EST
this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare of the contractor. the customer listed her complaints and said the jewelry was missing from her house. does this warrant a lawsuit? tamra holder says yes. rebekah arose what lynn says the contractor doesn't have a case. >> you know what, there is no lawsuit for defamation. he is suing her and the responses -- it is true. it's not defamation when it's true. charles: that sounds pretty cut and dry. >> if you ask about her answer, i respectfully disagree. she has accused him of committing a crime. stealing jewelry from her home. where does the investigation? where are the criminal charges? charles: she said the jewelry
CBS
Dec 12, 2012 7:00am PST
laws so this is the room w where any deal on the fiscal cliff would be born or die. we have we have new information on those negotiations in just a moment.. >> that's right, it's incredible it's incre to be here in this room. we're going to talk more about mor this a little later in the show. >> surrounded by all the photographs of all the powerful house & ways means chairmen.and >>> we want to get to some of first. the news first.g with violent ski on the other side ofn the the country, thousands of of the holiday shoppers had to ask thor yesterday as a man wearing camouflage opened fire at a mall hundreds o just outside portland oregon. police say he killed two people and wounded another, then shot another, himself to death. john blackstone is at clackamass town center. john good morning. >> reporter: good morning, norah and charlie and good morning to our viewers in the west. the christmas spirit quickly left this mall yesterday. one eyewitness said the gunman was wearing a hockey mask and bulletproof mask and calmly fire on announced he was the shooter before he
FOX News
Dec 7, 2012 8:00am PST
whatever deal they reach they have to get the votes for, and that's just the beginning. this fiscal cliff deal if they reach one it's just the beginning of deal making because it's not going to solve the problem. there is going to be more talks going into 2013 on tax reform and dealing with the deficit further. >> reporter: bob cusack thank you so much for joining us. we appreciate it. >> thank you. jon: let's talk a little bit more about the pickle that house speaker john boehner is in. he's struggling to avoid going over the fiscal cliff. he's facing growing criticism from members of his own party, the speaker removing four conservative congressman from key committees, the move seen by some as a way to close ranks over a potential fiscal cliff deal with the white house. outside conservative groups are voicing their displeasure saying speaker john boehner could even lose his speakership. carl cameron joins us live in washington. so he has a lot of problems with conservatives right now, car. >> reporter: sure it's not just off the hill. some of the members on the hill. fiscal conservative
CNBC
Dec 11, 2012 9:00am EST
if you get a fiscal cliff deal, it will be mildly inflationary. that may actually raise rates, even if the fed keeps buying bonds. we actually need to see rates up in order to get real excited about the banks. >> that's a good point. we continue to watch facebook. flirting with 28. and apple here at $5.40. we'll see how it manages that resistance. bob pisani is on the floor with more. >> still talking about the fiscal cliff and how little reaction we'll get with the markets. up 60 points in the dow right now. there's no particular worry out there. they believe that a deal is going to happen. if you look at the vix, for example, not only are they not moving, they're not moving out of any range, but they're moving in an even tighter spread than they normally do. the relationship between vix and vix futures is squashed down. this is the deal, the republicans will agree to tax increases, and very quickly this week we'll turn to debate on what kind of spending cuts there's going to be, and dealing with entitlements. they believe a deal is coming, we'll see. i espoused this a couple of we
FOX Business
Dec 5, 2012 11:00pm EST
cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, urses, hospitals, pharmacists and other health professionals who helped us achieve the highest avege star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health ouomes... and more q
MSNBC
Dec 7, 2012 11:00am PST
. >> the uncertainty? >> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemployment insurance. they're like a doctor who diagnosed you with a severe ill sxns won't sign the precipitation to give you the medicine. they emphasize the joblessness problem, and they don't want to give you unemployment insurance and tell that to someone laid off sleeping in their car. >> with these jobs numbers, had hurricane sandy not struck how better would this report have been? >> a lot of this was construction job weakness. clearly, that will rebound. one of the unfortunate upsides of natural disaster is that you do, whether the states or federal governments do it or insurance companies, you have a lot of infrastructure spending as people re
PBS
Dec 10, 2012 6:00pm PST
. but limiting or even charitable deductions could be part of a deal to avoid the fiscal cliff. one man of the tax policy center says given our national debt? sort of tax hikes are inevitable. >> one way is to tax the same income we have right now but get more revenue. the alternative is to tax more. get rid of the deductions and the exemptions, the things that reduce or taxable income. we tax more at today's rates and we bring in more revenue. >> reporter: itemized deductions are the first form of tax breaks on the table. used by 30% of tax payers they cost the government over $200 billion a year. about a fifth of this year's deficit. charitable donations alone cost $40 billion a year. but ending them is costly too. >> anybody who gives money away, taxes will go up. they'll pay more. that's what we're all about trying to get rid of these. but at the same time they'll likely give less to charity. if i don't get the deduction, it's going to cost me more after taxes to give away money. >> reporter: and say nonprofit leaders, if the rich stop giving, the poor stop getting. >> we're here to
MSNBC
Dec 6, 2012 10:00am EST
increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up with it. the danger is this whole thing boils over in animosity before the 31st and they go off the cliff because they have antagonized each other so much. >> and speaking of antagonistic situations, there's been a lot made of the dysfunction within the republican party but there's an article on the front page of the "new york times" that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who might pr
CNBC
Dec 11, 2012 1:00pm EST
by senator johnny isakson. back to you guys. >> maria, brian, thank you very much. will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from cnbc, and ceo of destination wealth management. ken y, i'm going to start with you. you were champing at the bit listening to the interview that was done in washington. why is this market up triple digits? is it up because they think there is a deal or isn't a deal? >> very interesting. i'm beginning to think the market is rallying because there is no deal, we're going over this cliff. let's not forget, it was a bipartisan committee that couldn't come to an agreem
FOX Business
Dec 7, 2012 1:00pm EST
is reached on a fiscal cliff deal, that's a big if, serious problems with the economy will remain and it's time to ask the tough questions about the middle class. joining us now, lindsey piegza, economist with ftn financial. lindsey, as always thanks for being here. you say businesses and consumers will face hash realities next year regardless of what washington does on the fiscal cliff. what are those realities? >> right now everyone is very much focused getting a compromise done but even if we get the president's plan, even if we get the republican's plan very likely that shaves growth down to under 1% for the first half of the year. that is dismal outlook regardless whether or not we come to a compromise. that is much more positive outlook than falling off the cliff outright but still doesn't set us up for long-term growth. plus neither one of these proposes asks the tough questions of the middle class saying long term do we want to take on a bigger tax burden or do we want to cut the social programs? the conversation to me seems very disingenuous when we're talking about 100 trillion
CNN
Dec 7, 2012 2:00am PST
is live in washington. nice to see you. new polls. what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good i
NBC
Dec 7, 2012 6:00am EST
no deal. >> the president wants more revenue and fewer spending cuts then if we fell off the fiscal cliff. >> pulling the rug out from under these families would delay the recovery. how do we get the economy moving? weekly unemployment claims spike. governor chris christie pressed president obama for additional aid. >> i am going home, guys. >> hiring plans plans last month. matching a record low from november of 2008. planned layoffs rose 20% to their highest levels in six months. consumer spending is down. >> i want to thank tiffany. >> the fiscal cliff negotiations are down to president obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're l
CNBC
Dec 7, 2012 6:00am EST
pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest deduction. and, bob, you think -- for a lot of people that won't matter? >> you have the amt. so if you take excessive deductions, they just disappear. which is one of the things about all of this about limiting these deductions which is kind of silly because the amt does it in the aggregate. and of course the amt is grabbing more and more people and it's one of the things they want to reform, but if they reform it, they have to raise taxes someplace else. so it's confusing. >> but that's the worst part of it, a simpler tax code that someone could actually understand and now how things work that allows less room for loophole so is
FOX Business
Dec 6, 2012 1:00pm EST
to get a deal to avoid the fiscal cliff. senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding war for my favorite bank analyst. i love dick bove. speaker he is in purgatory. a billion dollars unauthorized trade was described as a rogue trader. presumption of innocence, he was arrested earlier in the week. take the firm, the firm has been closed down since then. dick bove has been in purgatory. sources are telling us bove reseed essentially 17 offers to join him, he is now down to five, he has contracted form in five firms. he believes he'll be making the decision on which of these five firms he will go to in the coming days. he says he is close to a
FOX News
Dec 6, 2012 2:00am PST
. >> it is eye popping isn't it. pray congress makes a deal to avoid going over the fiscal cliff. high income workers there will get more than 50 percent. it targets income brackets. state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i guess. do you hold your breath when you are readi
CNBC
Dec 6, 2012 6:00am EST
now than there was six months ago, how does that work? there was no fiscal cliff deal six months from now and still no deal. so i'm not sure why we think there's more uncertainty. i would say if you really think about it the president has a lot of ways to delay the impact. for example, our withholding table don't have to get change order january 1. even if you haven't struck a deal, you don't adjust the withholding tables. for now you can delay the pain. so there is wiggle room in terms of when the impact has to be felt. >> but is there where wiggle rom the investing world who looks at the united states and says these guys are a bunch of keystone cops. this cost us with the last round of negotiations back in the summer of 2011 when the debt rating agencies said if you can't find some civil way to talk to each other, we're going to cut your rating. >> it was nice seeing the ratings agencies make a comments on u.s. democracy. that was helpful. i think, though, is there some deal that can be struck, yes. when does it get done, i think it's probably less important to be better before year
FOX Business
Dec 6, 2012 8:00pm EST
in place. and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay
CNBC
Dec 4, 2012 11:00pm EST
could be a big deal for sure. but what could trump the fiscal cliff, study this. it's the need to get out of your mother-in-law's house. get your own home. intuitive concept for those, when you think about it. we got to break here as toll brothers actually down on the news today because the market's so darn tough. i expect downgrades tomorrow from people who don't believe things can stay this strong and that could be your strong to be analysts who always downgrade ar the report. here's the bottom line. we need hope to be vanquished. we need it spindled, mutilated. chex out the holders, thinking it's imminent and leave the room and then return to what i've been tracing and huge cycles of pent-up demand. buy them on the way down. never on the way up. you can take your time. do not leave this market wholesale. who the heck knows when and from what level you can get back in. why don't we go to tom in new york. tom? >> caller: hi, jim. could this offset same-store sales and make it a buy? >> i think it moved already. one of those stocks that moves in gigantic gobs, to speak and had its gob
FOX News
Dec 5, 2012 8:00am PST
a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the mi
FOX Business
Dec 7, 2012 3:00pm EST
. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we have not really lost momentum and i will put that in the victory column. from a very short-term perspective, it is the fiscal cliff that is on everyone's mind. consumer sentiment is starting to decline. that suggested everyone seems to be focused on the fiscal cliff. when you are focused on uncertainty, what do you do, you do nothing. those are the major implementations for the economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit more bullish than some of your colleagues. what are you saying in the second half of 2013 that others are not? >> on a very short-term basis, we have n
CNN
Dec 7, 2012 4:00am PST
and speaker boehner are working on a deal on the fiscal cliff. but there's one man who says it's all about the baby boomers. a former white house senior adviser says without that impact, you're never going to get anywhere. >>> plus senator colbert, a new push to get him into washington politics. talk about that ahead. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going
CNN
Dec 10, 2012 4:00am PST
a fiscal cliff deal. >>> what makes a person black? my new documentary sparks conversation about the color of your skin and how it defines who you are. who is black in america? >>> you may start feeling less pain at the pump. gas prices are crashing and how long will it last? just ahead. >>> a mexican american singer, a superstar, dies in a plane crash. now her fans in mourning. we'll have details, straight ahead. >>> a packed two hours for you. new york mayor cory booker will join us. and poet journalist, angela davis will join us as well. gold medal olympic gymnast gabby douglas has written a new book. and judy chu is with us, and the macks join us, and singer adam lambert. monday, december 10th. and "starting point" begins right now. >>> wow, that's an ominous little graphic right there. yes that is because the fiscal cliff is what we're talking about this morning. that's the starting point. president obama and the house speaker speaking face to face for the first time in more than three weeks. the two men who stand between millions of americans and the fiscal cliff sat down, had a conv
FOX News
Dec 7, 2012 2:00am PST
. >> the race toward the fiscal cliff without a deal in sight. we are hours away from the november jobs report. peter doocy is live in washington with more. hi, peter. >> today's unemployment effort will be the first since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for top earners. >> oo i am not going to sign any package that prevents the top to go up but i am going to get something that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in
PBS
Dec 7, 2012 4:30pm PST
a deal on the fiscal cliff, or that they drag it out over a number of months. and that that really erodes confidence. >> repoer: against that backdrop, the federal reserve is trying to do all it can to help the economy. the central bank is widely expected to announce an extension of its bond buying program when it meets next week. erika miller, "n.b.r.," new york. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue
PBS
Dec 7, 2012 7:00pm PST
and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will start to get very very nervous, start selling, risky businesses pull back and by the end of february when we start approaching the ceiling for the debt limit, i think we'll be back in recession. it will be a fairly severe recession. so policy makers have a few weeks but not much more than that. they have to get this together. >> susie: some people are saying that today's jobs report is very encouraging and that you can look at this as a way that maybe the economy can handle some stuff belt tightening because things are looking a little bit bett
CNN
Dec 6, 2012 4:00am PST
the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gathering not very far away. last night the two sides clashed right outside t
MSNBC
Dec 7, 2012 8:00am PST
're not going off this fiscal cliff. >> representative, the question might be, how do we get to that deal? as we mentioned earlier, the "new york times" reporting that negotiations are now down to just the speaker. >> yes. >> and the president. this is at speaker boehner's request. i want to get your reaction. here's david axelrod talking about the politics behind all of this. >> okay. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> congresswoman, some democrats are saying that this is not the situation, it's not going to be mano, as we've been saying. what do you know about that in terms of how they are negotiating and is it the best for them to be one on one? >> well, i think it does not hurt for them to be one on one. i have to be concerned about what the leaders are saying about being excluded. but if we take this moment and if this is what they h
CNBC
Dec 12, 2012 9:00am EST
some sort of fiscal cliff deal together. ayman, you've been tweeting this morning already about some characterizations about the discussions between the speaker and the president in recent days. >> that's right. a republican source told nbc news that the conversation that the president and speaker had on the phone yesterday, lasted for only 15 minutes, and they described it as, quote, tense, unquote. and that may have something to do with the fact that the president lowered his request in his latest proposal to the house republicans from $1.6 trillion in new tax revenues to $1.4 trillion. clearly as you can see here, the republicans don't think that's enough. they want the president to come out publicly now with some specific spending cuts. now, there's some question whether or not behind the scenes the president has offered significant spending cuts. the president says yes, the house republicans say no. they say the democrats have taken so much off the table that all that's left there is the varnish. there's clearly a gloomy assessment here in washington, carl. >> ayman, we'll be co
NBC
Dec 9, 2012 2:30am EST
street journal report." i'm maria bartiromo. tick tock, the clock is running out on the fiscal cliff. i will talk to the former cabinet secretary who says going over the fiscal cliff is better than getting a bad deal. >>> the auto industry is back. what it is doing right even in a soft economy. we will find out what is driving profitability. >>> and curtains up on the billion dollar women who made the lion roar. my conversation with julie taymor. >> it's made 4 to $6 billion no no one complained about it. >> >> "wall street journal report" begins right now. >> this is america's number one financial news program "wall street journal report." no now, maria bartiromo. >> here's a look at what is making news. some surprisingly good news about america's economy. the labor department says 146,000 new jobs were created in november. much better than economists' expectations. the unemployment rate drop theed 2/10 of a percent now at 7.7%. the best number since december of twachlt the labor department says superstorm sandy had little affect on those numbers. >>> the markets continue their familia
MSNBC
Dec 8, 2012 11:00am PST
. >>> meanwhile, back in washington, with just over three weeks left to make a deal on the fiscal cliff, both sides out with new statents today. and on the surface, they still sound far apart. president obama this morning saying he's going to insist on raising taxes on the wealthiest americans no matter what. >> if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> meanwhile, on the other side of the aisle, republican senator marco rubio gave the weekly republican address today. part of his message? the tax rate should not go up on anyone including the top 2%. >> we must reform our complicated, uncertain, job-killing tax code by getting rid of unjustified loopholes. but our goal should be to generate new revenue by creating new taxpayers, not new taxes. >> joining me, author of "the escape artists: how obama's
CNN
Dec 5, 2012 2:00am PST
with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of the problem of the growing incivility in washington. people don't work together the way th
CBS
Dec 6, 2012 7:00pm EST
and confidence and we can then have the revenue from the higher income to help deal with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is a compromise and you get the rates you want, don't you have to give up something? what key government function that's important to senator cardin would you put on the fable and a hey, i'll let this go to get something i want? >> we've always said it's got to be balanced between revenue and spending cuts. we understand and know we need to bring down the cost of healthcare. if we can bring down the cost of healthcare, we can save the economy money. >> would you be willing to see the medicare enrollment age raised? >> all that does is shift the cost to other people. we've got to bring down the cost of healthcare. our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the w
FOX News
Dec 10, 2012 3:00am PST
. that makes no difference whatsoever. forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now texas. >> you avoid a high, what they consider a high tax rate. you want to take more money off them, but when you try do it, you don't get more money off them. >> brian: are you disturbed at all, 'cause i know you're a numbers guy, that it seems as though republicans from senator cork tore coburn to coal, seem to be saying, all right, just raise the rate. give the president his trophy so we can get to real cuts, would that bother you? >> yes, it would bother me because this is a spending problem. not a tax problem. if you just give in and pay the higher tax rates or
CNBC
Dec 5, 2012 9:00am EST
on that in a moment. >> investment banks paralyzed by the fiscal cliff. we'll find out what it will take to get deals going once again. >> we expect the president to speak on the fiscal cliff before the business roundtable. we'll bring you his comments live. citigroup cutting 11,000 jobs taking a billion dollar charge. kayla tausche has more. >> investors see this as a positive. a big move for a new ceo who is just getting his sleeves rolled up. the cuts will span across nearly all of the company's divisions but biggest slice of the pie coming from global consumer banking cutting 6,200 jobs there. the cuts are broad. nearly 2,000 jobs cut from the institutional clients group including investment banking six times the layoffs reported to take place in the securities business earlier this month. jim cramer said earlier that it feels like citigroup has been cutting jobs forever but that's because the bank has downsized by a third since peak employment in 2007. most of that cutting took place after he took the reigns. it will have 261,000 jobs once these cuts are done. the 11,000 announced today is a big
CNBC
Dec 11, 2012 11:00pm EST
is fretting about the fiscal cliff. until we get a deal. i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate for bipartisan consensus here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me you are for real is that you have not signed a pledge that would make it so that you can't vote for a tax increase. it should be a big deal on the order of four trillion dollars over ten years. that's what we need to get growth in our economy and the kind of deal that includes tax reform, entitlement reform and better spending control. >> when you were governor of your state you presided over what i think is the single greatest employment boom we've seen. is washington so different that you wish you were back home? >> you have been out to north dakota, you're invited back, but you are right. the fundamentals don't change. let's build that good bu
FOX News
Dec 5, 2012 2:00am PST
agreement on one thing. they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarthy said yeste
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